https://www.taxtmi.com/caselaws?id=267174 Penalty under Section 11AC of the Central Excise Act is described as mandatory and equal to the duty confirmed on undervaluation, leaving no discretion to reduce it below that measure. The note also states that where penalty is imposed under Section 11AC, no separate penalty under Rule 173Q of the Central Excise Rules is required for the same conduct. The statutory option to pay reduced penalty within the stipulated period is noted as remaining available to the assessee. en-us Wed, 23 Sep 2015 00:00:00 +0530 Sat, 31 Oct 2015 09:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267174 Penalty under Section 11AC of the Central Excise Act is described as mandatory and equal to the duty confirmed on undervaluation, leaving no discretion to reduce it below that measure. The note also states that where penalty is imposed under Section 11AC, no separate penalty under Rule 173Q of the Central Excise Rules is required for the same conduct. The statutory option to pay reduced penalty within the stipulated period is noted as remaining available to the assessee. Case-Laws Central Excise Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267174